In this market condition, CASH IS KING, MRCB receives RM1.07 bil, last month it also received RM1.34 bil, totaling RM2.4bil. This has reducing net gearing to almost zero, interesting saving almost RM150m p.a., thus increase earning. In addition, this has also indicated MRCB's relatioship with new gov is super GOOD. I can see that MRCB will be the STAR stock under this GOV, and has something big PLAN with the GOV moving forward. STRONG ACCUMULATING..
KUALA LUMPUR: Malaysian Resources Corporation Bhd’s (MRCB) corporate transformation strategy has successfully reduced its net gearing from 172 per cent to 24 per cent, increased its urban land bank four-fold to 114.12 hectares, with gross development value (GDV) increasing almost three-fold to RM31 billion.
During the four-year transformation, MRCB’s external construction order book has also grown exponentially, from only RM2 billion to RM21 billion, ranking currently as the highest in the industry.
KUALA LUMPUR (Dec 19): Malaysian Resources Corporation Bhd (MRCB) has received RM1.07 billion from the Employees Provident Fund (EPF) for its 80% subscription in Bukit Jalil Sentral Property Sdn Bhd (BJSP), the special purpose joint venture company undertaking the development of Bukit Jalil Sentral.
With the RM2.4bil received in 2 months, order book 30bil, the highest in malaysia history... Looking at fundamental and mid term. This stock will be STAR stock under this new Gov...
Every NEW gov sure have a STAR stock to stir the market. I am monitoring the market and searching for this star stock since change of GOV,,, I can see this is the STAR stock i m looking for....
In this market condition, CASH IS KING, MRCB receives RM2.4bil in 2 months. This indicates MRCB's relatioship with new gov is super GOOD. I can see there are something big PLAN with the GOV moving forward.... PH gov wun easily give away huge money to MRCB...
The project which measures 76.14 acres, is a mixed development project with a GDV of RM21bil. The land will be developed over the course of 20 years, ensuring a sustainable pipeline of construction contracts for the group in the long term.
Company will survive on contracts. It's the shareholders who will suffer. The price will not appreciate. As it is, gearing has reduced significantly but price continues to drop...
sink as expect , 0.595 now. expect to close red today once china sink more. tonight dow to sink 500-800, tomorrow will break 0.55 and go to 0.5. long term downtrend, tp 0.3
After a long trip across Holland road.... it should come back a little or else it will go straight to heaven ... trust me or ask the cross road devil he know so it all ....wahahaha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
value_invest
1,152 posts
Posted by value_invest > 2018-12-19 23:40 | Report Abuse
In this market condition, CASH IS KING, MRCB receives RM1.07 bil, last month it also received RM1.34 bil, totaling RM2.4bil. This has reducing net gearing to almost zero, interesting saving almost RM150m p.a., thus increase earning. In addition, this has also indicated MRCB's relatioship with new gov is super GOOD. I can see that MRCB will be the STAR stock under this GOV, and has something big PLAN with the GOV moving forward. STRONG ACCUMULATING..